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Benefits x Costs (Rawdanowicz et al.)

The benefits and costs of highly expansionary monetary policy by Lukasz Rawdanowicz, Romain Bouis, Shingo Watanabe published by OECD (8/2013). “How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time.”

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